Dimensional Fund Advisors LP Lowers Stock Holdings in United Rentals, Inc. (NYSE:URI)

Dimensional Fund Advisors LP lessened its position in United Rentals, Inc. (NYSE:URI) by 4.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 911,152 shares of the construction company’s stock after selling 40,665 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.38% of United Rentals worth $589,155,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. First Financial Corp IN purchased a new position in shares of United Rentals in the first quarter valued at approximately $25,000. Crewe Advisors LLC purchased a new position in United Rentals in the first quarter valued at $27,000. RFP Financial Group LLC increased its holdings in United Rentals by 115.8% during the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after purchasing an additional 22 shares during the period. Rise Advisors LLC acquired a new stake in United Rentals in the 1st quarter valued at about $28,000. Finally, Riverview Trust Co purchased a new position in shares of United Rentals in the 1st quarter valued at about $31,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Activity

In related news, SVP Joli L. Gross sold 360 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $690.00, for a total value of $248,400.00. Following the completion of the sale, the senior vice president now owns 4,090 shares in the company, valued at $2,822,100. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.53% of the company’s stock.

United Rentals Stock Performance

NYSE URI opened at $729.47 on Monday. The business’s 50-day moving average price is $710.11 and its 200 day moving average price is $684.47. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.39. The firm has a market cap of $48.25 billion, a P/E ratio of 19.76, a P/E/G ratio of 1.65 and a beta of 1.68. United Rentals, Inc. has a 52-week low of $387.01 and a 52-week high of $789.80.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share for the quarter, beating the consensus estimate of $10.48 by $0.22. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same period last year, the business posted $9.88 EPS. The company’s revenue was up 6.2% on a year-over-year basis. On average, equities research analysts expect that United Rentals, Inc. will post 44.39 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 0.89%. The ex-dividend date was Wednesday, August 14th. United Rentals’s dividend payout ratio (DPR) is presently 17.66%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on URI. JPMorgan Chase & Co. initiated coverage on shares of United Rentals in a report on Friday, June 7th. They issued an “overweight” rating and a $780.00 target price on the stock. Truist Financial raised their price objective on shares of United Rentals from $785.00 to $873.00 and gave the company a “buy” rating in a report on Friday, July 26th. The Goldman Sachs Group increased their target price on United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a report on Friday, July 26th. Raymond James started coverage on United Rentals in a report on Friday, June 28th. They set an “outperform” rating and a $750.00 price target for the company. Finally, Citigroup assumed coverage on United Rentals in a research report on Wednesday, June 26th. They set a “buy” rating and a $745.00 target price on the stock. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, United Rentals presently has an average rating of “Hold” and a consensus price target of $675.15.

United Rentals Company Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.